ING Groep (NYSE:ING) Holdings Lifted by SVB Wealth LLC

SVB Wealth LLC grew its stake in shares of ING Groep (NYSE:ING) by 15.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,009 shares of the financial services provider’s stock after purchasing an additional 1,755 shares during the period. SVB Wealth LLC’s holdings in ING Groep were worth $195,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. FMR LLC lifted its stake in ING Groep by 10.2% in the 3rd quarter. FMR LLC now owns 5,113,296 shares of the financial services provider’s stock worth $67,393,000 after acquiring an additional 474,505 shares in the last quarter. Tudor Investment Corp Et Al increased its position in shares of ING Groep by 2,784.1% during the third quarter. Tudor Investment Corp Et Al now owns 329,939 shares of the financial services provider’s stock valued at $4,349,000 after purchasing an additional 318,499 shares during the period. QRG Capital Management Inc. bought a new stake in shares of ING Groep during the third quarter valued at approximately $3,006,000. Qube Research & Technologies Ltd boosted its stake in ING Groep by 101.2% in the 3rd quarter. Qube Research & Technologies Ltd now owns 384,667 shares of the financial services provider’s stock valued at $5,070,000 after buying an additional 193,489 shares in the last quarter. Finally, Ramirez Asset Management Inc. acquired a new stake in ING Groep in the 3rd quarter valued at $1,866,000. 4.49% of the stock is owned by hedge funds and other institutional investors.

ING Groep Price Performance

Shares of ING stock opened at $16.72 on Wednesday. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market cap of $62.29 billion, a price-to-earnings ratio of 7.56 and a beta of 1.58. The stock’s fifty day simple moving average is $15.30 and its 200 day simple moving average is $14.35. ING Groep has a one year low of $11.78 and a one year high of $17.18.

ING Groep (NYSE:ING) last posted its quarterly earnings data on Thursday, February 1st. The financial services provider reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The business had revenue of $5.82 billion during the quarter, compared to analyst estimates of $6.15 billion. ING Groep had a return on equity of 13.36% and a net margin of 32.29%. On average, analysts expect that ING Groep will post 1.91 earnings per share for the current fiscal year.

ING Groep Increases Dividend

The company also recently announced a Semi-Annual dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, April 25th will be given a dividend of $0.697 per share. The ex-dividend date of this dividend is Wednesday, April 24th. This represents a dividend yield of 6.8%. This is an increase from ING Groep’s previous Semi-Annual dividend of $0.43. ING Groep’s payout ratio is presently 31.22%.

ING Groep Company Profile

ING Groep N.V. provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally. It operates through five segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking. The company accepts current and savings accounts.